This site aims to inform readers on the Shipping Industry with emphasis on Ship Chartering, Sale and Purchase of Vessels, Bunker Cost for Ship Owners, Ship Brokers, Charterers and Traders as well as the Baltic Index

According to Clarkson latest data, the world signed 1.83 million DWT of new ship orders in June an amazing jump from the zero in May. It’s also the first time that the global new ship orders had passed 1 million DWT since last November. And, China shipbuilders nearly gained 1.6 million DWT of new orders in June occupying 87.4% of the total Korean ship yards got 0.23 million DWT of new orders taking up 12.6% of the total. According to the statistics, the monthly conclusions of new ship orders signed during last November this May respectively posted at 0.8 million DWT, 0.21 million DWT, 0.61 million DWT, 0.24 million DWT, 0.69 million DWT, 0.13 million DWT and null. Industrial analysts noted that “The achievements in June show a beam of morning twilight to the ship industry bringing hopes to China ship sector too.” As per report, Jiangsu Rongsheng Heavy Industries Group Co Ltd a private shipbuilder who intends to go public in oversea exchange market signed letter of intent of four 400,000 DWT VLOCs with Oman Shipping Co and Korean STX inked four 50,000 DWT oil tankers with European companies. It’s the two businesses that broke the deadlock in May. Mr Zhang Baojing chief analyst of Csscinfo said “The unit price shows a small decline from USD 133/vessel which fixed last year in the shipbuilder’s contract of 12 VLOCs with Vale. He said that the present unit price of VLOC will be the reference price in future.” The source close to Rongsheng Heavy Industries said the letter of intent is expected to shift into official order this month. Expert said “It’s inappropriate that Clarkson wrote down the letter of intent into the list of June new ship orders, since there will be uncertainties to the letter.” In addition, industrial sources thought the jump in orders couldn’t represent the real bottoming-out of global ship industry and the real recovery wouldn’t come at least until the beginning of next year. Source: Steel Guru